Huge institutional trader buying today! This is the first time the TICK has detected institutional traders buying in 2015.
This has big implications and it favors the Bulls.
Also, the institutional buying today, February 3, 2015, was broad-based across many sectors. That's another confirmation beyond the TICK that points to institutional trader activity.
As a reminder, for February, we were watching for a repeat of 2014 where institutional buying came in, in early February. That's exactly what we got today. In 2014, the first institutional buying for the year was detected on the TICK on February 7, 2014. In 2015, the first institutional buying for the year came on February 3, 2014. That's only a 3 trading day differencen from last year!
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